What does it mean to increase the impairment of property projects?

The increase of property item impairment refers to the decrease of property item value.

The increase in the impairment of property items is an accounting term used to describe the decline in the value of property items in a specific period. Impairment occurs when the actual value of a real estate project is lower than its book value or expected future cash flow. Impairment may be caused by many factors, such as market changes, economic recession, technological progress or regulatory changes. An increase in impairment means a decrease in the value of property projects, which may have a negative impact on the financial situation and performance of enterprises. In order to accurately reflect the value of real estate projects, enterprises need to conduct regular impairment tests and assessments to ensure that the value on their balance sheets is consistent with the actual situation. Impairment provision is an important financial indicator, which can help enterprises to evaluate and manage the risks and value changes of their real estate projects.